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Well, best of luck at LSU. As far as answering your questions:
1. There are cheaper apartments close to LSU, but don't expect to get in those nice new gated communities. For those, you do best getting in a room for 4, then it's usually about $500 or less apiece, plus you have amenities. Otherwise, there are cheaper old places in Tigerland, along Highland, Burbank, Brightside, you name it. The average price is probably near $500, but you lose the amenities. Best places to look would be the Daily Reveille (official LSU paper), The Tiger Weekly, Craig's List or just drive around the area. There are signs aplenty.
2. Public transit is neither reliable or extensive. But LSU contracts CATS on a separate schedule and route plan. The buses are cleaner and safe. The routes around LSU aren't bad, but the schedule is still just a little unreliable although it's not bad at all. LSU runs a few of them on the weekends as well, but not nearly as many or as often. And weekend public transit within BR is pretty much a joke. You'll need the car at some point.
Traffic isn't horrible if you know where to go and what areas to avoid at certain times. You'll learn this as you go.
3.Small town feel... hummm. There are several neighborhoods that have a nice vibe to them. For the longest time, BR felt like a large town. But lately it's starting to feel more like a big city. It just comes with the territory. There are new traditional neighborhood developments going up around the area (mostly suburban) that will cater to the small town feel. There's also places locally like The Venue near the northgates of LSU and Perkins Rowe (but these places are a lot more expensive). Anything around Bocage is good because you literally have everything you need close by, but the traffic is not small townish and you may expect to pay $600+ for that area. You can check the Garden District, although don't expect anything too cheap there. But you'd be close to LSU, City Park, downtown and MidCity. It's not a small town feeling, but a good neighborhood feeling perhaps.
Anyway, best of luck to you. If you have other questions, just post them and we'll all try to help out.
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